The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-22
CONDITION OF THE MARKETS.
Wheat Decidedly Dull, and Fluctuations
Confined Within Narrow Limits.
Trading Checked by the Uncertain Condition
of the Market-Corn Weak and Lower
Provisions Dull and Without Change.
MONEY, BONDS AND STOCKS.

~ Dull and Featureless Market, the Profess
sional Traders Being in Control.
NEW YORK, March 2L-Money on call was
easy at 81 as per cent, the last loan being made
1t 81; closing offered at 3.
Prime mercantile paper not quoted.
Sterling exchange was dull but steady at
a. 83A for sixty days, and 81 864 for demand.
The total sales OF stocks to-day were 133, 165
shares. including the following: Delaware,
Laekawanna & Western, $3.50; Erie, $780,
Lake Shore, 4.055; Louisville & Nashville, s.,
682; Northwestern, 4,052; Pacific Mail, 300;
Beading, 35245; ST. Paul, 4, 140; Western Union,
a626
The new week on the Stock Exchange opened
without change in the speculative situation,
and the market was again dull and featureless,
with the transactions retaining the same pro-
fessional character. The dealings for the most
part possessed no significance, being principally
She scalping operations CT the room traders,
although there was some little selling for
foreign account early in the day.
Tho only special features were the strength
In Fort Worth q Denver, and Hooking Valley,
and the weakness In Reading and Pacific Mail
Rumors were current that a consolidation of the
Fort Worth & Denver with the Union Pacific
was possible, but other statements were to the
of the road was in expectation of increased profits
from extensions now in course of construction.
Reading was adversely affected by the announce
ment of an appeal in the foreclosure suit, but
later friends of the syndicate expressed the
opinion that IL would not materially Interfere
with the reorganization and somewhat better
feeling resulted. The usually active stocks
were all dull and listless throughout the day.
and their fluctuations and final changes were
Of no Importance whatever. The opening was
tame and uninteresting. but fairly steady, with
first prices showing only slight changes which
were about equally divided between gains
and losses The market was heavy in the early
trading, Reading, however, being decidedly
weak, alth ugh the losses recorded were for
fractions only. There q slight recovery
late in the first hour, and Fort Worth & Denver
advanced per cent. The market then became
steady, but rem aimed extremely dull, though the
general stagnaiion relieved by squirt in
Texas Pacific during the afternoon. There was
smother period of heaviness in the last hour, and
the market closed rather heavy and dull The
bnt declines in no case exceed per cent, while
among the few advances recorded Fort Worth
e Denver Is up 81 per cent
In railroad bonds, for everything but Fort
Worth e Denver frsts, the market was dull
The sales to-day aggregated ST. l32. 900, of which
Fort Worth & Denver firsts contributed $685.
600, though their movement was comparatively
slight. closing ] per cent. higher, at 91a. The
general list was somewhat irregular. but firm.
There was heavy selling of South Carolina frsis
on rumors that the company will not pay the
April coupon, and those bonds declined per
cent, to 99A.
Government bonds were dull and steady.
State bonds were dull and steady. Closing
auOtatiCnS were: